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National market update

Existing-Home Sales Continue to Climb in July

WASHINGTON (August 21, 2014) – Existing-home sales increased in July to their highest annual pace of the year, and the ongoing decline in distressed sales reached an important milestone, according to the National Association of Realtors®.

Home-Price Gains Decelerate in Many Metro Areas during Second Quarter

WASHINGTON (August 12, 2014) – Home-price growth continued to moderate in many metropolitan areas in the second quarter and national year-over-year price appreciation is now at its slowest pace since 2012, according to the latest quarterly report by the National Association of Realtors®.

Existing home median price ()

Housing Starts ()

New home sales ()

National economic indicators

Home ownership

2nd Qtr 2014

64.7%

2nd Qtr 2013

65.0%

The homeownership rate in the second quarter 2014 was 64.7 percent, down 0.3 (+/- 0.4)* percentage points from the second quarter 2013 rate of 65.0 percent. The homeownership rates in the Northeast and South were lower than the rates in the second quarter 2013, while the rates in the Midwest and West were not statistically different from the rates a year ago.

New home sales

July 2014

-2.4%

June 2014

-7.0%

Sales of new single-family houses in July 2014 were at a seasonally adjusted annual rate of 412,000. This is 2.4 percent (+/- 11.9%)* below the revised June 2014 estimate of 422,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Charly Varughese

when you are planning to buy/sell/lease a Residential/Commercial property comtact me " Charly" @ 281-682-0623 / charlyvp@hotmail.com there you win to get the good service .

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

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Buying a House With Cash: Should You Do It?

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Before You Buy: 4 Questions About Home Appraisals

When you go to buy a home, your mortgage lender will want to know whether the house you are interested in buying is worth the amount you are willing to spend. They need to check out the house for anything that can devalue or increase the property’s worth. To do this, they require home appraisals for all borrowers.…(Read More)

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